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ACT! 2007 Shortcut Keys

Using keyboard shortcuts is one way you can quickly accomplish a variety of frequently used tasks in Act! 2007. Check out the following chart that lists the key combinations for popular shortcuts: [more…]

ACT! 2007 User Roles

After you’ve entered and organized customer information in ACT! 2007, you can decide how widely the information needs to be shared with employees. The following table illustrates the functions available [more…]

ACT! 2007 For Dummies Cheat Sheet

ACT! 2007 is a contact relationship manager (CRM) software. If you're using ACT! 2007 in your business, you'll appreciate these keyboard shortcuts for common tasks. After you organize your customer database [more…]

Comparing the SugarCRM Editions

SugarCRM has three editions: Community (free version of Sugar generally used by businesses with 1-10 users); Professional (generally used by larger organizations wanting additional [more…]

SugarCRM Modules Explained

The purpose of a Sugar CRM module is to add new information, access current information, and if needed, edit that information. Anywhere from 15-50 fields exist that contain information specific to that [more…]

Commonly Used SugarCRM Modules

By default, SugarCRM displays 12 modules (elements of the program) across the top of the screen as tabs. You can access the other modules by clicking the double right-pointing arrows on the right side [more…]

SugarCRM For Dummies Cheat Sheet

SugarCRM (customer relationship management) is a software solution for boosting your company's effectiveness in marketing, sales, and customer satisfaction. Learn the functions of Sugar modules and which [more…]

The Purpose of Accounting for Working with QuickBooks 2012

The most important thing to understand about accounting in order to make the most of your work in QuickBooks 2012 is that it provides financial information to stakeholders. Every accounting function described [more…]

The QuickBooks 2012 Income Statement

Perhaps the most important financial statement that an accounting system like QuickBooks 2012 produces is the income statement. The income statement is also known as a profit and loss statement. An income [more…]

QuickBooks 20120 Balance Sheet

An important financial statement that an accounting system like QuickBooks 2012 produces is a balance sheet. A balance sheet reports on a business’s assets, liabilities, and owner contributions of capital [more…]

The Equity Section of the QuickBooks 20120 Balance Sheet

The owner’s equity section of a QuickBooks 2012 balance sheet looks different for different types of businesses. The owner’s equity sections look different for partnerships and corporations. [more…]

QuickBooks 2012 Statement of Cash Flows

Don’t spend too much time spinning your wheels trying to understand the QuickBooks 2012 Statement of Cash Flows. QuickBooks does supply a statement of cash flows, but you don’t need to use this statement [more…]

QuickBooks 2012 Accounts Receivable and Inventory Reports

A good accounting system such as QuickBooks 2012 produces most popular or useful reports. For example, one very common report or financial statement is a list of the amounts that your customers owe you [more…]

Principles of Accounting for Working with QuickBooks 2012

Accounting rests on a rather small set of fundamental assumptions and principles, which you need to understand when working with QuickBooks 2012. People often refer to these fundamentals as [more…]

Assumptions of Accounting for Working with QuickBooks 2012

There are principles and assumptions that underlie business accounting and that you need to understand when working with QuickBooks 2012. It’s no exaggeration to say that they permeate almost everything [more…]

The Fiddle-Faddle Method of Accounting

The work of preparing financial statements — called accounting or bookkeeping — requires either a whole bunch of fiddle-faddling with numbers or learning how to use double-entry bookkeeping. To produce [more…]

The Accounting Model of Double-Entry Accounting

Here’s the first thing to understand and internalize in order to use double-entry bookkeeping with QuickBooks 2012: Modern accounting uses an accounting model that says assets equal liabilities plus owner’s [more…]

Mechanics of Double-Entry Bookkeeping

With double-entry bookkeeping, you can calculate the account balance for any account by taking the starting account balance and then adding the debits and credits that have occurred since then. By hand [more…]

A Few Words about How QuickBooks 2012 Works

QuickBooks 2012 makes most of the journal entries for you. For example, when you use QuickBooks to record a $1,000 check that pays Acme Supplies for some paper products that you purchased, QuickBooks automatically [more…]

How to Record a Sale or Payment

In order to use QuickBooks 2012, you must understand how to record payments. Accounting principles state that sales revenue needs to be recognized when a sale is made. And that the sale is made when a [more…]

How to Estimate Bad Debt Expense

One other important journal entry you need to understand to get the most out of QuickBooks 2012 when working with accounts receivable is how to estimate bad debt expense. [more…]

How to Remove Uncollectible Accounts Receivable

Regardless of your accounting method or program, whether you're using QuickBooks 2012 or some other program, you will have to clean up your records. If you do set up an allowance for uncollectible accounts [more…]

How to Record Accounts Payable Transactions

Within QuickBooks 2012, you have the option of either working with or without an accounts payable account. If you want to, you can record expenses when you write checks. This means that in order to have [more…]

Inventory Accounting with QuickBooks 2012

Thankfully, most of the inventory accounting that goes on in a business gets handled automatically by QuickBooks 2012. For example, when you purchase an inventory item by writing a check or recording an [more…]

How to Deal with Obsolete Inventory

Obsolete inventory refers to items that you’ve purchased for sale but turn out not to be saleable. Within QuickBooks 2012, you record inventory disposal by adjusting the physical item count of the inventory [more…]

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